32 affordable apartments planned for downtown riverfront

LACONIA — The Laconia Area Community Land Trust (LACLT) intends to acquire the former F.W. Webb property on Union Avenue, demolish the existing buildings and construct a three-story apartment building with 32 units. Plan are now on file with the city Planning Department.
Linda Harvey, executive director of the LACLT could not be reached yesterday for comment on the project.
The boundaries of the 1.87-acre describes a triangle, following the course of the Winnipesaukee River from just below the Avery Dam to the corner of Arch Street and River Street and bordered on the other two sides by Arch Street and Union Avenue. However, its frontage on Arch Street is limited by a 0.34-acre lot that runs more than half the length of the street from its intersection with Union Avenue owned by Combined Investments, LLC of Milton, Massachusetts, which houses two apartment buildings.
The Webb property last changed hands in June, 2007 when it was purchased for $589,000 by Cecil and Debra Baldwin of Tuscon, Arizona, doing business as Laconia Mill Associates, LLC. There are two empty buildings on the property, one of 13,316-square-feet built in 1850 and assessed at $177,000 and another of 5,062-square-feet built in 1880 and assessed at $33,200, which were both last used as warehouses. The property is currently assessed at $480,300 with the value almost evenly divided between the land and the buildings.
F.W. Webb company moved its local plumbing supply business to the Lake Business Park in Gilford in 2007.
The new building will consist of two wings , paralleling Union Avenue and Arch Street and joined in the middle to form a "V." The building will house 12 one-bedroom units, each 675-square-feet and 20 two-bedroom units of 864 square feet. A parking lot with an entrance at the corner of Arch Street and River Street will have spaces for 30 vehicles and two smaller lots along Union Avenue will have another 18 spaces. The lower level will be faced with brick and the upper levels with vinyl siding.
The riverfront will be landscaped and include walkways designed to accommodate the downtown riverwalk, which the city plans to construct along both banks of the river.
Like all the projects undertaken by the LACLT, the units will be offered at affordable rents and property taxes will be paid on the apartment building. The project will be presented to the Technical Review Committee when it meets at City Hall on Wednesday, June 12, beginning at 9:30 a.m.